NoBroker, an online real estate portal has acquired Society Connect in an all cash deal. With the acquisition, the company plans to strengthen its hold in the visitor and community management space.
Society Connect, a technology mapped platform for society management, has over 500 societies that are using its platform for various worlds related to housing society in Delhi-NCR.
“Our focus has been to provide end to end solution for all aspects of community management and simplify apartment living. Society Connect’s accounting and payment solutions are unparalleled and will strengthen NoBrokerHood’s suite of services. NoBrokerHood will become a single software for a host of services such as accounting, facility management, security, maintenance requests, communication and visitor management requests that enhance society living experience,” said Akhil Gupta, co-founder and Chief Technology Officer of NoBroker.com.
Society Connect is currently deployed with realty players such as DLF, Unitech, Omaxe Group, Ashiana Group, Supertech Group, Nirvana Country, Tatvam Villas, Exotica Group, Ireo Grand Arch, ATS, Bestech, Vatika Greens, Belmonte, and many more. It generates maintenance bills upwards of Rs 350 crore per annum.
“The specialized solutions built by Society Connect would help achieve greater transparency and faster redressal for the residents,” said Amit Agarwal, co-founder and CEO of Nobroker.com. In 2019, Nobroker raised $101 million in series C and D rounds. It also launched services in Hyderabad and Delhi-NCR.